Introduction to syndicated loans
What is a syndicated loan?
A syndicated loan is a loan which is provided to the borrower by two or more banks known as participants, which is governed by a single loan agreement. The loan is arranged and structured by an arranger, and managed by an agent. The arranger and the agent may also be participants. Each participant provides a defined percentage of the loan, and receives the same percentage of repayments.
The syndicated lending market is international by nature – that is to say, many of the borrowers and projects being financed are international – taking place in Europe, Eastern Europe, Africa, the Middle East, etc. Furthermore, in order to place these large loans (e.g. up to several hundred million ...
Get Syndicated Lending now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.